Closed sales enjoyed a solid month this June in the Portland metro area! The 2,617 closings showed a 4.2% increase over the 2,511 closings from last June. In fact, this was the strongest June for closed sales in the region since 2007 when there were 2,731! Pending sales, at 2,965, rose 5.7% compared to last June’s 2,804, but fell slightly (-0.8%) compared to the 2,989 offers accepted just last month. New listings (4,078) were 8.7% stronger than June 2013 (3,751) but fell 2.7% from May’s 4,192. There are currently 7,250 active residential listings in the Portland metro area. Total market time fell again in June to 59 days. Inventory remained stable for the third consecutive month, and sits at 2.8 months. New listings (20,248) are up 4.4% compared to the first half of 2013. Pending sales (14,705) and closed sales (12,518) are down 0.9% and 0.1% in the same comparison. The average price the first half of the year was $328,900, up 8.7%from the same time frame in 2013 when the average was $302,700. In the same comparison, the median also rose 8.7% from $257,500 in the first half of 2013 to $280,000 in the same period of 2014. Information courtesy RMLS.
Our featured home of the month this month is in Forest Heights and is a very hard to find single level detached home! Check it out at http://www.roblevy.com/Property/9042-NW-Murdock-St-Portland-Oregon